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Citizen Credit Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Citizen Credit Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Citizencredit Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Four Bungalow
Contact 26374415 , 26374416
Bank Details Citizencredit Co-Op Bank Ltd Four Bungalow CCBL0209031
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400053
Country IN
Address Shop no.3, rameshwar darshan chsl, n dutta marg, four bungalows, andheri west, mumbai 400053
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 400209031 for Four Bungalow branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 400209031 of Citizen Cooperartive Bank, Four Bungalow branch makes the system almost error free and faster. Use of Citizen Cooperartive Bank MICR codes for Four Bungalow branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Citizen Credit Bank Four Bungalow

Citizen Credit Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Citizen Cooperartive Bank MICR code for Four Bungalow is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 400209031 is the MICR code of Citizen Credit Co-Op Bank for Four Bungalow branch. MICR code for Four Bungalow branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Citizen Cooperartive Bank Four Bungalow is presented in the table alongside.

Use of Citizen Cooperartive Bank MICR code for Four Bungalow branch in mumbai

The MICR code 400209031 is used in RBI cheque clearing process to identify the branch Four Bungalow and Citizen Cooperartive Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Citizen Credit Co-Op Bank is typically in either of these two font’s: E-138 and CMC-7.